Truong My Lan’s death sentence could reportedly be commuted to life in prison if she repays three-quarters of the $12 billion she was convicted of embezzling.

Summary

Vietnam’s High People’s Court upheld the death sentence for real estate tycoon Truong My Lan, convicted of embezzlement and bribery in a record $12 billion fraud case.

Lan can avoid execution by returning $9 billion (three-quarters of the stolen funds), potentially reducing her sentence to life imprisonment.

Her crimes caused widespread economic harm, including a bank run and $24 billion in government intervention to stabilize the financial system.

Lan has admitted guilt but prosecutors deemed her actions unprecedentedly damaging. She retains limited legal recourse through retrial procedures.

  • bundes_sheep@lemmy.oneEnglish
    1·
    16 days ago

    I’m not saying we should kill them. I’m saying we should use the possibility of that being on the table to make them pay their taxes.

    I’m guessing most of them do pay their taxes. There are just lots of loopholes that have been lobbied for by the rich that they are using that their expensive tax accountants find for them. Instead of whacking billionaires, maybe get rid of the tax loopholes that let them pay so much less in taxes as compared to their extreme wealth.

    • Dasus@lemmy.worldEnglish
      1·
      16 days ago

      And who’s gonna change the laws when there’s no democracy and wealth almost directly translates to political power?

      Billionaires can just go around national laws and stuff shit in tax havens. And when they get caught, it gets hushed up.

      https://en.m.wikipedia.org/wiki/Panama_Papers

      Moneys fucks people up. Trying to reason money out of the hands of billionaires is harder than convincing a jonesing crack addict to not hit a loaded pipe they’ve got in their hands.